The automotive market cannot raise its head. The drop in sales in June was abrupt, with a decline in 25,5% with respect to 2023 and 14,1% if compared with the May records.
This decline exacerbates the decline of the sector which, although in the first semester it was always well below the 2023 numbers, in recent months it had shown some recovery in the monthly comparison, thanks to the bonuses and financing plans launched by the automotive.
The gradual normalization in the availability of units and the increase in the minimum taxable amount of the internal tax (also known as luxury tax) were also important for the user to gradually return to the dealerships.
The president of ACARA, Sebastián Beato, commented: “The decline in inflation and the upward trend of the dollar has meant that, mainly in the second half of the month, people approach dealerships. When opportunities appear, demand appears. “That’s why we have been saying that the market has changed and that now we have to go in search of customers.”
According to the report of the Association of Automotive Dealers of the Argentine Republic (ACARA), in June, 29,878 units (40,112 in June 2023 and 34,797 in May 2024).
For its part, in the first semester there were 182,399 patentswhich represents 22.6% less than in the same period in 2023, in which 235,785 vehicles had been registered.
The market map in June
Toyota It was once again number one in sales, although with a decline of 23.1% compared to May. The brand patented 6,420 units, reaching 22.6% market share and placing three of its models in the top 10 in sales. They completed the podium Volkswagen (4,824 units) and Fiat (3,099 units).
Peugeot 208. It fell to third place in June, although it is still the second best-selling model on the market. This same table is repeated for the accumulated year. The Japanese brand leads with 37,748 patented vehicles and is followed by Volkswagen (25,994) and Fiat (22,455).
For its part, Ford (sixth in the general ranking with 15,569 units) was the only one of the generalists that did not fall in June, patenting 7.9% more than in May.
Regarding models, Toyota Hilux was once again the most patented vehicle for the second consecutive month, with 2,276 registered trucks. In this way, the pickup manufactured in Zárate accumulates 11,975 patented units in 2024 and remains number one in sales. Ford Ranger and Volkswagen Amarok, whose update will be launched this month, follow with 10,349 and 8,152 units respectively.
Volkswagen Taos. It managed to patent 11% more than in May. The Fiat Cronos, for its part, returned to the podium after being left out in May. The compact sedan produced in Ferreyra, Córdoba, was the second best-selling model in June (1,990 units), beating the Peugeot 208 (another national model) which came in third with 1,893 patented cars.
While the Volkswagen Taos was the model that grew the most among those in the Top 10, managing to patent 11% more compared to May. The SUV manufactured in Pacheco finished eighth (1,161 units) and occupies the same position in the accumulated ranking (5,990).
The 10 best-selling models of June
- Toyota Hilux: 2.276
- Fiat Cronos: 1,990
- Peugeot 208: 1.893
- Ford Ranger: 1.753
- Toyota Yaris: 1.448
- Volkswagen Amarok: 1,291
- Toyota Corolla Cross: 1.192
- Volkswagen Taos: 1.161
- Volkswagen Polo: 934
- Chevrolet Cruze: 835
